Manage Puts and Calls: The Wheel Strategy in Action

Partner: Udemy
Affiliate Name:
Area:
Description: What if a trade doesn’t go the way you hoped?This course helps you answer that question with skill and confidence—especially as your options contracts approach expiration.You'll learn how to manage cash-secured puts and covered calls to generate recurring income, even when trades move against you. When you sell options backed by sufficient collateral (shares or cash), time decay works in your favor. The key is knowing how to manage your positions as expiration nears.What You’ll LearnHow to roll, close, or let options expire—and how to decide which path is bestHow to calculate annualized returns and compare choices across different expiration datesHow to track your trades with a custom spreadsheet (I’ll show you the formulas or direct you to a pre-built one)How to factor in dividends, breakeven points, and extrinsic vs. intrinsic value when adjusting a positionHow to earn recurring income safely—even when your trade doesn’t go as plannedReal-World ProjectYou’ll apply what you’ve learned to a hypothetical trade with both a cash-secured put and a covered call on the same stock. You’ll:Enter the trade details in a spreadsheetAnalyze potential outcomesDecide what action (if any) to takeJustify your management plan using your new toolsHow This Relates to "The Wheel"While the course doesn’t rely on buzzwords, many of the strategies taught here—especially managing covered calls and cash-secured puts on the same stock—are part of what’s often called The Wheel Strategy. If you’ve been looking for a clear, practica
Category: Finance & Accounting > Investing & Trading > Options Trading
Partner ID:
Price: 64.99
Commission:
Source: Impact
Go to Course